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== See also == |
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Revision as of 03:34, 2 May 2008
Naveen Jain | |
|---|---|
 | |
| Born | September 6, 1959 |
| Occupation(s) | Founder and CEO, Intelius Founder and CEO (1996-2002), Infospace |
| Website | Naveen Jain Naveen Jain (Intelius) |
Naveen K. Jain is an entrepreneur and software executive, founder of InfoSpace and Intelius.
Background
Born in 1959, Jain lived in villages throughout Uttar Pradesh, India. His surname Jain reflects the family religion, Jainism. His father was a civil engineer for the public-works department.[1] According to Atul Jain, Naveen's brother, Atul Jain, their father defied the local custom of taking bribes and because of this, his father sometimes had to be escorted by a bodyguard.[1] According to the Seattle Times, the Jains lived in small rental homes with running water and electricity. Naveen Jain, however, wanted a different life and admired business leaders who "built so much from nothing." He earned a degree in engineering from Indian Institutes of Technology.[1] Jain left New Delhi, India in 1979 through a business-exchange program to explore the emerging U.S. high-technology market. He first worked for Burroughs Corporation (now Unisys) but was not acclimated to the climate of New Jersey.[1][2]
In 2006, he was named by Ernst & Young as finalist for Entrepreneur of the Year,[3][4] and in 1997, he was named Red Herring top 20 entrepreneurs[2][5][6]
Naveen was ranked 121 on the 400 Richest Americans in 2000, with an net worth of USD$2,200 million.[7]
Microsoft and MSN
In 1989 Jain joined Microsoft in Redmond, Washington, where he made his name as a program manager. In an interview with Red Herring Jain said, "My job was to define what a product should do from a consumer point of view and what it is that Microsoft wanted the program to be," blending visions of software coders with market demands. Jain eventually served as an executive responsible for managing development of the Microsoft Network until leaving Microsoft in April 1996 to found Infospace.[2]
InfoSpace
Jain founded InfoSpace in March 1996 and was its Chief Executive Officer until 2002.[1] Between 1995 and 2000, Jain was featured in several business publications which compared him favorably to Bill Gates, noted his energetic demeanor, and pointed out quirks in his personality while noting his personal worth, which was approaching one billion dollars.[2][8][9] During his time as CEO, he was accused of misleading investors for using pro forma returns estimation, which was was a controversial accounting method used by many dot-coms, according to the Seattle Times.[10] When stock fell from a peak of $1,000 per share to $2.67 between 2000 and 2002, Jain remained on the board of directors through June of 2005.[1][10][11][12]
Freei
In 1999, Jain served on the board of directors of Freei, aka FreeInternet.com, an online service provider that provided dial-up connections without charge, instead using advertisements to gain revenue. Along with serving on the board, Jain's company InfoSpace provided integrated search and content features, such as news, maps, and weather forecasts to the ISP. Jain also invested approximately $5 Million in the service before it filed for bankruptcy in mid-2000, shortly after filing for an IPO on March 31, 2000.[13][14]
Intelius
In 2003 he founded Intelius.[15]. Intelius is headquarters in Bellevue, Washington specializing in public records information and offering service to consumers and businesses which include background checks and identity theft protection.[16][17][18][19][20] Founded in 2003 with origins in Microsoft and InfoSpace[17][19][21] and employing a staff of 113,[19] Intelius owns more than 50 percent of the online people search market[18] and is ranked as one of the top 100 electronic commerce sites on the Internet.[16][18] It had $55 million in revenue in 2006 and has been profitable since 2004.[22]
References
- ^ a b c d e f Heath, David; Pian Chan, Sharon; Dot-con Job: Part 1: Dubious Deals, The Seattle Times, 2005
- ^ a b c d Smarter than Bill, Red Herring, June 30, 1997
- ^ "Ernst & Young - SGM - EOY - Regional Programs - PNW - Pacific Northwest - 2006 Finalists". Retrieved 2008-03-02.
- ^ dBusinessNews :: Daily Business News Delivered to Your Desktop
- ^ "Recognition and Awards - AT&T WorldNet Service". Retrieved 2008-03-02.
- ^ Sperling, Nicole; Jain-smoking with Naveen, Red Herring, October 14, 1999
- ^ "Forbes.com: Forbes 400 Richest in America 2000". Retrieved 2008-03-02.
- ^ Skill Shop
- ^ Techno-poet who is smarter than Bill Gates. - Sunday Business (London, England) - HighBeam Research
- ^ a b Heath, David; Pian Chan, Sharon; Dot-con Job: Part 2: Cashing Out, The Seattle Times, 2005
- ^ Pian Chan, Sharon; InfoSpace sues fired chief exec, The Seattle Times, March 11, 2003
- ^ InfoSpace bubble-era accounting highly "complicated", USA Today, March 10, 2005
- ^ Gates, Dominic; Freei Files For Bankruptcy, Infoworld, October 9, 2000
- ^ Freei.Net Offers Comprehensive New Portal Featuring Services From InfoSpace.com, Business Wire, January 17, 2000
- ^ "The Seattle Start-Up Index - O'Reilly Radar". Retrieved 2008-03-02.
- ^ a b "Intelius, Inc". Retrieved 2007-04-13.
- ^ a b "Intelius - profile". Retrieved 2007-04-13.
- ^ a b c "If in doubt, check it out : Profile of Naveen Jain". Retrieved 2007-04-13.
- ^ a b c
Nina Shapiro (April 11, 2007). "Intelius Says it's Capable of Conducting a Full Background Check on Anyone". Seattle Weekly. Retrieved 2007-04-13.
{{cite journal}}: Cite journal requires|journal=(help) - ^
John Swartz and Byron Acohido (April 1, 2007). "Who's guarding your data in the cybervault?". USA Today. Retrieved 2007-04-07.
{{cite journal}}: Cite journal requires|journal=(help) - ^ "Intelius Founders Win Lawsuit". Retrieved 2007-04-13.
- ^
Tim Mullaney (December 26, 2006). "Intelius, Founded by InfoSpace's Jain, Considers Going Public". Bloomberg. Retrieved 04-17-2007.
{{cite journal}}: Check date values in:|accessdate=(help); Cite journal requires|journal=(help)